An electric-outboard-motor startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow 

The Daily Dealflow delivers one startup a day, every work day to your inbox and is presented by Silicon Valley Bank. SVB's 2019 Startup Outlook Report is out now.
 
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, our Podcast & more.

Flux Marine

Flux Marine is bringing the electric vehicle revolution to the marine industry.
We have designed a clean, powerful, and reliable electric outboard motor system to be manufactured and marketed to commercial, military, and recreational boating sectors.

We design, manufacture, and market a novel electric outboard system for marine propulsion. Through a ground-up design of our propulsion systems, we are able to capitalize on inherent characteristics of electric propulsion to offer a more efficient and reliable electric outboard system. Currently in the R&D stage, we have completed initial market research, tested several proof of concept prototypes, negotiated terms for a seed investment, and are currently refining our designs for a range of outboards between 15-115hp to be manufacturable and scalable. As a team of engineering and finance minds, we have combined novel research and business strategies with a deep passion for boats to develop and patent the technology required to disrupt the outboard motor market.

What's Innovative About Their Solution?

We offer a line of electrified and thoroughly redesigned outboard motor systems capable of replacing nearly six million gasoline motors in the United States. Our motors reduce operating costs as a result of their increased reliability, while improving the boating experience through noise reduction and reduced air/water pollution. Unlike our competition, we have designed our system from the ground up to utilize all the benefits of electric propulsion. This includes a patent pending cooling system the improves efficiency while minimizing maintenance costs. 
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📍 Location

Boston, MA & South Kingstown, RI

⚙️ Product Stage

Functional Prototype

🏭 Industries

Clean Tech/Environment, Hardware, GovTech

🤑 Fundraising Status

Actively raising

💸 Total Funding
To Date

$500k-$1.5MM

🙌 Founder Demographics

 

Big Wins

We have secured a strategic partnership with Navatek, an industry-leading naval architecture firm. We have raised >$125,000 of non-dilutive funding from competitions including the Rice Business Plan Competition, Dao Ventures, Ocean Exchange, Cisco Global Problem Solver Challenge, UC Davis Big Bang, and LauchR. We have also completed a number of incubator programs, including The Princeton eLab, The BU BUild Lab, Venturewell eTeam and The Mass Challenge.

Watch the video

Contact the Founder:

Jonathan Lord

[email protected]

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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
 
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